Property Developments» Residential Properties
Mission Manor Town Homes
| Property Information | |
| 3532 Mission Avenue, Carmichael, California 95608 | |
| Primary Type: | Multifamily Garden/Low-Rise |
| No. Units: | 15 |
| Building Size: | 30,000 SF |
| Lot Size: | 1.10 Acres |
| Price: | $1,500,000 |
| TIC Fractionalized Price: | $50,000 |
| Property Status: | Under Development |
Property Description
The Property consist of a 1.1 Acre located in the City of Carmichael, a suburb of Sacramento, California, 10-15 minutes drive to the flourishing downtown Sacramento. The property is situated in an established and very desirable area consisting of Single Family Homes, Town homes, Apartments, Commercial office complexes and beautiful parks. Most of the streets in the area are lined with mature trees, the property is zoned RD-20.
Investment Summary
The total value of the Property is $1,500,000 (One Million Five
Hundred Thousand). A prospective buyer can purchase a fractionalized
portion of the Mission Properties TIC starting at $50,000. This
development has been structured as a Tenant In Common (TIC) to
provide qualified investors/purchasers a 10% Cap with an additional
8% APY appreciation buyout, for a total of 18% Net Cap annually.
Heaven Investments believes that Mission Manor provides
prospective Purchasers with the opportunity to own an interest in a very
desirable and valuable real estate property with potential to
generate exceptional income. The anticipated resale value of these
luxurious 3-4 bedroom/3.5-4.5 bath town homes is high with each
home featuring granite countertops, deluxe cherry or maple cabinets,
stainless steel appliances, attached bathrooms in every bedroom, and
upgraded flooring. The Master Bedroom has a walk in closet, study and
sitting area, and Romeo and Juliet balcony. The open design floor plan
includes an upstairs washer and dryer and a large backyard for private
and comfortable weekend living. See page 3 for the Project Development
Details and page 4 for Location Information.
Development & Construction Summary
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Floor Plans & Unit Description
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